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Entry of Accrued and unearned income ?

Question Posted / iampoojadubey

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Entry of Accrued and unearned income ?..

Answer / kishore berty

Income a/c Dr
To Deferred Income Cr

(Being the part of unearned income transferred to deferred
income which is a liability until it is earned)

Is This Answer Correct ?    7 Yes 1 No

Entry of Accrued and unearned income ?..

Answer / mansoor

Income a/c Dr
To Deferred Income Cr

Is This Answer Correct ?    0 Yes 0 No

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